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Home NFT

California Governor Vetoes ‘Premature’ Crypto Bill, Russia to Use Digital Ruble w/ China by Next Year, a Debit Card Enables NFT Avatar Customization + More News

admincrypto by admincrypto
September 27, 2022
in NFT
California Governor Vetoes ‘Premature’ Crypto Bill, Russia to Use Digital Ruble w/ China by Next Year, a Debit Card Enables NFT Avatar Customization + More News
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California (USA) Governor Gavin Newsom. Source: a video screenshot, NBC Bay Area / YouTube

 

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Regulation news

  • California (USA) Governor Gavin Newsom has vetoed a statewide bill that would have established a regulatory framework for crypto regulation. In a memo, Newsom said that: “It is premature to lock a licensing structure in statute without considering both this work and forthcoming federal actions. A more flexible approach is needed to ensure regulatory oversight can keep up with rapidly evolving technology and use cases, and is tailored with the proper tools to address trends and mitigate consumer harm.“

CBDC news

  • Russia is planning to use the digital rouble for mutual settlements with China by next year, Reuters reported, citing Anatoly Aksakov’s interview with Russia’s parliamentary newspaper. Aksakov is the head of the financial committee in Russia’s lower house of parliament. The report says that Russia is seeking to reduce USA‘s global financial hegemony. The Central Bank of the Russian Federation is already conducting digital rouble tests with banks.
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